On Thursday, the People’s Bank of China (PBOC) has set the USD/CNY central rate for the trading session at 7.1712. This adjustment is compared to the previous day’s fix of 7.1705 and Reuters’ estimates of 7.2856. Such calibration by PBOC comprises critical information for traders in the forex market. Market effects of these reference rates can be significant as they influence currency behavior and trading decisions. Keeping abreast of these changes and their potential impacts will be essential for traders focusing on the USD/CNY currency pair.